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Tag: Atoll

El Molla: Egypt's Atoll gas field begins test production

Posted: December 5, 2017 at 7:11 pm   /   Oil & Gas

Test production at Egypt’s Atoll offshore gas field began on Tuesday with a production capacity of 300 million cubic feet per day, Petroleum Minister Tarek El Molla said. Actual production would begin in the third week of December, El Molla told Reuters. BP decided in November 2015 to fast-track the development of Atoll, estimated to […]

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Petroleum Economist: Door still open for East Med-Egypt gas

Posted: November 26, 2017 at 5:13 pm   /   Oil & Gas

Despite the country’s natural gas sector booming, it could eventually need to import the fuel again. On 14 November, Egypt’s oil minister Tarek El-Molla, told Bloomberg that “Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas”. This statement appeared to signal an end to the prospect of Eastern Mediterranean gas […]

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Wood Mackenzie: Gas mega-projects drive BP’s MENA growth

Posted: November 14, 2017 at 2:45 pm   /   Oil & Gas

MENA will constitute 38% of BP’s total production by 2025, compared to 27% currently. As part of the transition to a lower carbon world, gas is becoming an increasingly important component of the majors’ portfolios. Nowhere is this trend more visible than within BP’s Middle East and North Africa (MENA) portfolio. Using the Upstream Company […]

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BP’s Atoll field is 93% complete, production on track by year’s end

Posted: November 9, 2017 at 4:41 pm   /   Oil & Gas

BP will launch production at the USD 3.8 bilion Atoll field in the North Damietta concession ahead of schedule by the end of the year, said Hassan Abady, Chairman BP JV Pharaonic Oil Company, Al Ahram reports. Development of the field is 93% complete, including the drilling of three deepwater wells 950 meters below the […]

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Infographic: A global view of gas – in maps and charts (BP Magazine)

Posted: October 26, 2017 at 10:18 pm   /   Oil & Gas

Who are the world’s largest producers and consumers of natural gas? Which countries relied on LNG imports in 2016? How much gas might be extracted in future? From where will future demand come? As BP shifts its portfolio towards gas, alongside quality, advantaged oil projects, BP Magazine looks at the gas world today and how […]

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BP expects production from Egypt's Nile Delta to increase six-fold by 2020

Posted: October 25, 2017 at 11:46 am   /   Oil & Gas

BP expects to increase net production from Egypt’s Nile Delta to increase six-fold to more than 300 million barrels of oil equivalent a day by 2020, from 50 mboed in 2016, its vice president for African exploration said on Tuesday. Jasper Peijs said the increase would be underpinned by three major projects, including Atoll phase […]

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El Molla: Eight Oil & Gas Exploration Agreements to be finalized soon

Posted: September 19, 2017 at 1:56 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources is reviewing Egypt’s vast arid land in the Eastern & Western Deserts as well as the Suez Gulf, as it seeks security approvals before initiating new tenders for exploring gas and oil there, in addition to 8 exploration deals due to be sealed soon, according to Minister Tarek […]

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Major natural gas discoveries offshore Egypt propel demand for technologies & services

Posted: September 16, 2017 at 8:52 pm   /   Oil & Gas

(Offshore Magazine) Curt Cultice US Commercial Service, Department of Commerce Egypt is a mature fossil energy market attracting increased international attention. However, there is a continued demand for new energy technologies from innovative US suppliers committed to long-term partnerships with Egypt. In the below Q&A, Mai Abdelhalim, commercial specialist, US Embassy, Egypt discusses the latest […]

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BP’s Atoll gas field production targeted for end of 2017

Posted: August 15, 2017 at 10:08 pm   /   Oil & Gas

BP will launch production at the USD 3.8 billion Atoll field by the end of this year, the Oil Ministry said in a statement. 70% of the field has been developed so far with three wells having been completed, said Hassan Abbady, chairman of the BP JV Pharaonic Oil Company. (Source: Enterprise.press)

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BP on track to bring Egypt's Zohr online by end of 2017

Posted: August 2, 2017 at 3:44 pm   /   Oil & Gas

BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final investment decisions (FID) for additional projects in Gulf of Mexico, Egypt, […]

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